Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11527 Glenmont Dr Tampa, FL 33635

4 Beds 3 Baths 2,270 sqft Built 1993

$419,900

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $184.98
  • 3 Days on Market
  • MLS # : T3276083
  • Updated Date : 11/14/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,270 sqft
  • Baths : 2 full , 1 half
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Enjoy Florida living at it's finest! This spacious 2 story pool home is located in the desirable community of The Greens in Countryway! This beautiful home has it all. Brazilian cherry wood floors throughout this convenient floorplan. Formal living room and dining room as you enter perfect for entertaining. Kitchen offers bright eat in area over looking your private oasis. Complete with granite counter tops, wood cabinetry, and newer appliances. Cozy family room will lead you to your pool and spa ready for you to enjoy beautiful Florida sunsets overlooking the lake. 3 bedrooms + den, 2.5 baths has all the space you are looking for! The Greens is located within a very short walking distance to all Countryway has to offer..playgrounds, soccer field, tennis courts, basketball courts, beach volleyball, baseball field! All of this without any CDD fees! Pictures and video coming soon.. do not miss out on this amazing property! See it today.

SEE MORE

MARKET HIGHLIGHTS

  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.

PRICE & RENT TRENDS

Neighborhood: Greens at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $85k419k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Greens at Countryway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052322

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Lowry Elementary School Primary Regular 834 66 6
Farnell Middle School Middle Regular 1,356 75 9
Alonso High School High Regular 2,607 136 5

Lowry Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 66
6
GreatSchools Rating

Farnell Middle School

  • Education Level: Middle
  • # of students: 1,356
  • # of teachers: 75
9
GreatSchools Rating

Alonso High School

  • Education Level: High
  • # of students: 2,607
  • # of teachers: 136
5
GreatSchools Rating
 

$377,910$461,890$419,900

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,549
Property Tax -$516
Property Insurance -$167
HOA -$42
Property Management Fees -$80
CASH FLOW
$225

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$419,900

PROJECTED PRICE

$2,580

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$63,537

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,580

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,576

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,5804$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 11527 Glenmont Dr Tampa, FL 3
    • 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.14
    •  
  • 11204 Pocket Brook Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1989
    property image
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
  • 11613 Highbury Way Tampa, FL 2
    • 3 beds 3 baths ∙ 2,157 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,157 Sqft ∙ Built 2002
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.04
    •  
  • 9521 Greenpointe Dr Tampa, FL 4
    • 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,239 Sqft ∙ Built 2000
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.21
    •  
  • 9713 Gretna Green Dr Tampa, FL 5
    • 4 beds 2 baths ∙ 2,319 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,319 Sqft ∙ Built 2001
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.21
    •  
PROPERTY LISTING DETAILS
Karina Rueda
1.813.843.2260
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276083
Last Updated: 11/14/2020
BESbswy